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This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
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In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …
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. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we …
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We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how … the prize structure affects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three …
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